Brokerages Set SIG plc (SHI) Target Price at $143.67

SIG plc (LON:SHI) has been given an average recommendation of “Hold” by the eleven research firms that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is GBX 143.67 ($1.90).

A number of equities analysts recently issued reports on the company. Numis Securities Ltd lowered SIG plc to a “reduce” rating and set a GBX 150 ($1.98) price target on the stock. in a report on Friday, August 18th. Liberum Capital raised their price target on SIG plc from GBX 95 ($1.25) to GBX 157 ($2.07) and gave the stock a “sell” rating in a report on Friday, August 18th. Shore Capital reissued a “buy” rating on shares of SIG plc in a report on Tuesday, August 8th. Peel Hunt reissued a “buy” rating and set a GBX 175 ($2.31) price target on shares of SIG plc in a report on Tuesday, August 8th. Finally, Deutsche Bank AG reissued a “hold” rating and set a GBX 155 ($2.05) price target on shares of SIG plc in a report on Wednesday, August 9th.

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In other SIG plc news, insider Richard Monro sold 10,000 shares of SIG plc stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of GBX 176 ($2.32), for a total value of £17,600 ($23,225.13).

Shares of SIG plc (LON:SHI) traded down 0.86% during mid-day trading on Friday, hitting GBX 173.50. The stock had a trading volume of 741,040 shares. The firm’s market cap is GBX 1.03 billion. The firm has a 50 day moving average price of GBX 176.40 and a 200 day moving average price of GBX 156.10. SIG plc has a 52-week low of GBX 86.60 and a 52-week high of GBX 184.90.

The firm also recently disclosed a dividend, which will be paid on Friday, November 3rd. Shareholders of record on Thursday, October 5th will be issued a GBX 1.25 ($0.02) dividend. This represents a yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 5th.

SIG plc Company Profile

SIG plc is a United Kingdom-based distributor of building products in Europe. The Company is engaged in the supply of specialist products to construction and related markets. It operates in two segments: UK & Ireland and Mainland Europe. It focuses its activities into approximately three product sectors: Insulation and Energy Management; Exteriors, and Interiors.

Analyst Recommendations for SIG plc (LON:SHI)

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